[]))) ShopClues is India's first and the largest managed marketplace with more than 100 million monthly visitors on its website. SaaS, Android, Cloud Computing, Medical Device)Where the organization is headquartered (e.g. He is based out of Gurugram and has been writing about startups and digital economy for nine years. The online channel focuses on providing a platform to SMEs, large enterprises as well as individuals. Shopclues, which is one of the oldest ecommerce startups in India, has fired 200 employees. In a move to rejuvenate the company’s working environment, Shopclues has laid off between 45-50 employees across multiple functions. Shopclues has 1080 employees and has a revenue of $40M . IndiaMART.com is India’s largest online B2B marketplace connecting buyers with suppliers.IndiaMART is India’s largest online B2B marketplace, connecting buyers with suppliers. We work 24 X 7 to provide trouble free service to our customers. - Wider marketplace with a range of products and suppliers 2. Clues Network Private Limited's Corporate Identification Number is (CIN) U52590HR2011PTC055841 and its registration number is 55841.Its Email address is kanchan.kukreja@shopclues.com and its registered address is Plot No.112, Sec-44, Gurgaon Gurgaon HR 122003 IN , - , . We hold this to the core of our culture.”Some sources also revealed that ShopClues is in the conversation for a stressed deal with FutureBazaar and few others. 5. TRACK . Its existing investors include Intel Capital, Amadeus Capital, WestBridge Capital & Quona Capital. IndiaMART has over 3600 employees located across 80+ offices in the country, and with customers spanning across 200 nations. According to sources, ShopClues has sacked about 200 people as its efforts to find a buyer failed.When contacted, a ShopClues spokesperson said the company has been steadily reducing its workforce mostly in operating functions as it leverages gains from technology. Sensing the wind that is taking ShopClues in direction of ceasing operations, the company has fired over 200 employees across functions marketing, ops, tech, admin, and human resource. Shopclues is a private company. While we aren’t sure about ShopClues’s fate, it’s likely a dead-end for the Unicorn that was once considered as disruptor in Indian e-commerce space.India can’t ban sale of petrol and diesel vehicles: Dharmendra PradhanSachin Bansal’s BACQ may take over Essel Group’s mutual fund bizIndia can’t ban sale of petrol and diesel vehicles: Dharmendra PradhanSachin Bansal’s BACQ may take over Essel Group’s mutual fund biz Current status of Clues Network Private Limited is - Active. Our customer NPS has been increasing steadily for the last 2 years while our workforce has dropped by 50% in this time period. History: ShopClues started operations in 2011 via … I have learned lot of things from shopclues how to handle situation and work on pilot projects to check out cost before execution of any project. What is the difference between Shopclues Contact Number & Enquiry Number? Connect with him at Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Click edit button to change this text. Total number of current team members an organization has on CrunchbaseTotal number of investment firms and individual investorsDescriptive keyword for an Organization (e.g. By using Shopclues contact number you’ll be able to connect with the Shopclues Customer care employee. If someone acquires it then the deal would be largely meant to save taxes,” they added.This is for the first time any Unicorn in India has been pushed into such a shamble state. - One-stop-shop for all requirementsIndiaMART for Suppliers ... 33 Number of Organizations • $1.7B Total Funding Amount • 271 Number of Investors. Notably, several companies such as “We knew this might happen but at least expected leadership team or co-founders to announce this. 3. However, Snapdeal backed out because of the amount of money ShopClues owed to Google, Facebook,  and several third-party vendors including logistics partners.In response to our detailed queries, ShopClues spokesperson said, “We have been steadily reducing our workforce mostly in operating functions as we leverage gains from our technology. Founded in 1996, the company’s mission is ‘to make doing business easy’.5.98 Crore+ Buyers | 47 Lakh+ Suppliers | 5 Crore+ ProductsIndiaMART for Buyers Lorem ipsum dolor sit amet, consectetur adipiscing elit. Since the elephant (Unicorn) was falling, it was expected to affect several hundreds involved in either causing the fall or preventing the fall – employees.Sensing the wind that is taking ShopClues in direction of ceasing operations, the company has fired over 200 employees across functions marketing, ops, tech, admin, and human resource. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Shopclues is a Internet company and has headquarters in Gurugram, Haryana, India. Active, ClosedLast funding round type (e.g. Sources also emphasised that salary and compensation of the leadership team have been cut by 70%. ... ShopClues - which has nearly 500 employees - would be forced to downsize rapidly to stay afloat. ShopClues has laid off around 150-200 of its employees. The company termed it as review cycle for FY 2018, However, the development has come amidst the cash crunch and indicates that all isn’t hunky-dory at the Tiger Global-backed company. Shopclues. 4. “About 200 employees were asked to leave today by their respective team managers.

In July, as reported by TOI, the company had fired about 50% of its workforce, coming down to about 200-250 employees. Seed, Series A, Private Equity)Whether an Organization is for profit or non-profit Merely a week ago the Unicorn had witnessed the exits of senior-level employees. The company is left with almost no money and that is why it didn’t even pay the two months standard payout to employees,” said sources.About half a dozen employees confirmed that they also got compensation of about one and a half months’ pay. ShopClues has fired about 45-50 employees across multiple functions. Nevertheless, such a situation could be possible with the company of any size and scale if business fundamentals are ignored. We have always been an employee-first company and have ensured that impacted employees, if any, are outplaced proactively. According to multiple sources including over a dozen employees, ShopClues has laid off about half of its workforce this week.

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